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Side-by-side financial comparison of Astrana Health, Inc. (ASTH) and Realty Income (O). Click either name above to swap in a different company.

Realty Income is the larger business by last-quarter revenue ($1.5B vs $950.5M, roughly 1.6× Astrana Health, Inc.). Realty Income runs the higher net margin — 19.9% vs 0.7%, a 19.2% gap on every dollar of revenue. On growth, Astrana Health, Inc. posted the faster year-over-year revenue change (42.9% vs 11.0%). Realty Income produced more free cash flow last quarter ($1.2B vs $-6.0M). Over the past eight quarters, Astrana Health, Inc.'s revenue compounded faster (53.3% CAGR vs 8.6%).

Astrana Health, Inc. is a U.S.-based value-based healthcare services provider that primarily serves Medicare-eligible senior populations across the United States. It offers in-home primary care, chronic disease management, and care coordination services, aiming to improve patient health outcomes and reduce unnecessary medical costs.

Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, the United Kingdom, and six other countries in Europe. These properties are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.

ASTH vs O — Head-to-Head

Bigger by revenue
O
O
1.6× larger
O
$1.5B
$950.5M
ASTH
Growing faster (revenue YoY)
ASTH
ASTH
+31.9% gap
ASTH
42.9%
11.0%
O
Higher net margin
O
O
19.2% more per $
O
19.9%
0.7%
ASTH
More free cash flow
O
O
$1.2B more FCF
O
$1.2B
$-6.0M
ASTH
Faster 2-yr revenue CAGR
ASTH
ASTH
Annualised
ASTH
53.3%
8.6%
O

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASTH
ASTH
O
O
Revenue
$950.5M
$1.5B
Net Profit
$6.6M
$296.1M
Gross Margin
Operating Margin
1.9%
21.7%
Net Margin
0.7%
19.9%
Revenue YoY
42.9%
11.0%
Net Profit YoY
184.4%
48.3%
EPS (diluted)
$0.12
$0.32

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASTH
ASTH
O
O
Q4 25
$950.5M
$1.5B
Q3 25
$956.0M
$1.5B
Q2 25
$654.8M
$1.4B
Q1 25
$620.4M
$1.4B
Q4 24
$665.2M
$1.3B
Q3 24
$478.7M
$1.3B
Q2 24
$486.3M
$1.3B
Q1 24
$404.4M
$1.3B
Net Profit
ASTH
ASTH
O
O
Q4 25
$6.6M
$296.1M
Q3 25
$373.0K
$315.8M
Q2 25
$9.4M
$196.9M
Q1 25
$6.7M
$249.8M
Q4 24
$-7.8M
$199.6M
Q3 24
$16.1M
$269.5M
Q2 24
$19.2M
$259.4M
Q1 24
$14.8M
$132.3M
Operating Margin
ASTH
ASTH
O
O
Q4 25
1.9%
21.7%
Q3 25
2.0%
23.2%
Q2 25
3.1%
15.8%
Q1 25
3.3%
19.3%
Q4 24
0.1%
16.5%
Q3 24
5.9%
21.5%
Q2 24
6.2%
20.7%
Q1 24
7.5%
11.9%
Net Margin
ASTH
ASTH
O
O
Q4 25
0.7%
19.9%
Q3 25
0.0%
21.5%
Q2 25
1.4%
14.0%
Q1 25
1.1%
18.1%
Q4 24
-1.2%
14.9%
Q3 24
3.4%
20.2%
Q2 24
3.9%
19.4%
Q1 24
3.7%
10.5%
EPS (diluted)
ASTH
ASTH
O
O
Q4 25
$0.12
$0.32
Q3 25
$0.01
$0.35
Q2 25
$0.19
$0.22
Q1 25
$0.14
$0.28
Q4 24
$-0.14
$0.23
Q3 24
$0.33
$0.30
Q2 24
$0.40
$0.29
Q1 24
$0.31
$0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASTH
ASTH
O
O
Cash + ST InvestmentsLiquidity on hand
$429.5M
$434.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$779.3M
$39.4B
Total Assets
$2.2B
$72.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASTH
ASTH
O
O
Q4 25
$429.5M
$434.8M
Q3 25
$463.4M
$417.2M
Q2 25
$342.1M
$800.4M
Q1 25
$260.9M
$319.0M
Q4 24
$290.8M
$445.0M
Q3 24
$350.3M
$397.0M
Q2 24
$327.7M
$442.8M
Q1 24
$337.3M
$680.2M
Stockholders' Equity
ASTH
ASTH
O
O
Q4 25
$779.3M
$39.4B
Q3 25
$775.5M
$39.1B
Q2 25
$765.5M
$39.2B
Q1 25
$745.4M
$39.0B
Q4 24
$712.7M
$38.8B
Q3 24
$704.6M
$38.5B
Q2 24
$678.9M
$38.6B
Q1 24
$653.5M
$39.0B
Total Assets
ASTH
ASTH
O
O
Q4 25
$2.2B
$72.8B
Q3 25
$2.2B
$71.3B
Q2 25
$1.4B
$71.4B
Q1 25
$1.3B
$69.8B
Q4 24
$1.4B
$68.8B
Q3 24
$1.3B
$68.5B
Q2 24
$1.3B
$68.1B
Q1 24
$1.2B
$68.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASTH
ASTH
O
O
Operating Cash FlowLast quarter
$-2.9M
$1.2B
Free Cash FlowOCF − Capex
$-6.0M
$1.2B
FCF MarginFCF / Revenue
-0.6%
77.6%
Capex IntensityCapex / Revenue
0.3%
3.3%
Cash ConversionOCF / Net Profit
-0.44×
4.06×
TTM Free Cash FlowTrailing 4 quarters
$104.5M
$3.9B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASTH
ASTH
O
O
Q4 25
$-2.9M
$1.2B
Q3 25
$10.0M
$943.1M
Q2 25
$90.9M
$1.1B
Q1 25
$16.6M
$787.5M
Q4 24
$-10.9M
$972.0M
Q3 24
$34.0M
$841.5M
Q2 24
$23.2M
$981.2M
Q1 24
$6.0M
$778.7M
Free Cash Flow
ASTH
ASTH
O
O
Q4 25
$-6.0M
$1.2B
Q3 25
$7.4M
$909.9M
Q2 25
$89.5M
$1.0B
Q1 25
$13.6M
$764.6M
Q4 24
$-13.5M
$935.8M
Q3 24
$31.7M
$807.9M
Q2 24
$20.4M
$939.2M
Q1 24
$5.6M
$769.0M
FCF Margin
ASTH
ASTH
O
O
Q4 25
-0.6%
77.6%
Q3 25
0.8%
61.9%
Q2 25
13.7%
73.3%
Q1 25
2.2%
55.4%
Q4 24
-2.0%
69.8%
Q3 24
6.6%
60.7%
Q2 24
4.2%
70.1%
Q1 24
1.4%
61.0%
Capex Intensity
ASTH
ASTH
O
O
Q4 25
0.3%
3.3%
Q3 25
0.3%
2.3%
Q2 25
0.2%
1.9%
Q1 25
0.5%
1.7%
Q4 24
0.4%
2.7%
Q3 24
0.5%
2.5%
Q2 24
0.6%
3.1%
Q1 24
0.1%
0.8%
Cash Conversion
ASTH
ASTH
O
O
Q4 25
-0.44×
4.06×
Q3 25
26.69×
2.99×
Q2 25
9.65×
5.39×
Q1 25
2.48×
3.15×
Q4 24
4.87×
Q3 24
2.11×
3.12×
Q2 24
1.21×
3.78×
Q1 24
0.40×
5.89×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASTH
ASTH

Medicare$542.4M57%
Commercial$99.1M10%
Care Delivery$92.1M10%
Care Enablement$78.9M8%
Other Third Parties$58.0M6%
Health Care Patient Service$39.8M4%
Health Care Other$25.5M3%
Other$12.1M1%
Management Service$10.3M1%

O
O

Product And Service Retail$900.8M61%
Other$531.5M36%

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